ProShares Short Russell2000 (NYSEARCA:RWM) Shares Gap Up to $24.44

Shares of ProShares Short Russell2000 (NYSEARCA:RWM – Get Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $24.44, but opened at $25.10. ProShares Short Russell2000 shares last traded at $25.06, with a volume of 973,460 shares.

ProShares Short Russell2000 Price Performance

The business’s fifty day simple moving average is $23.03 and its 200 day simple moving average is $23.93.

Hedge Funds Weigh In On ProShares Short Russell2000

Institutional investors have recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in shares of ProShares Short Russell2000 by 473.0% in the 3rd quarter. Private Advisor Group LLC now owns 448,500 shares of the company’s stock valued at $11,823,000 after purchasing an additional 370,231 shares in the last quarter. Ferguson Shapiro LLC raised its stake in shares of ProShares Short Russell2000 by 182.9% in the 4th quarter. Ferguson Shapiro LLC now owns 551,844 shares of the company’s stock valued at $13,575,000 after purchasing an additional 356,766 shares in the last quarter. UBS Group AG raised its stake in shares of ProShares Short Russell2000 by 224.8% in the 1st quarter. UBS Group AG now owns 511,969 shares of the company’s stock valued at $11,325,000 after purchasing an additional 354,365 shares in the last quarter. Empowered Funds LLC raised its stake in shares of ProShares Short Russell2000 by 99.9% in the 3rd quarter. Empowered Funds LLC now owns 540,314 shares of the company’s stock valued at $14,243,000 after purchasing an additional 270,018 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of ProShares Short Russell2000 by 492.1% in the 2nd quarter. LPL Financial LLC now owns 301,968 shares of the company’s stock valued at $7,863,000 after purchasing an additional 250,972 shares in the last quarter.

ProShares Short Russell2000 Company Profile

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ProShares Short Russell2000 (the Fund) seeks daily investment results that correspond to the inverse (opposite) of the daily performance of the Russell 2000 Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, to investments that, in combination, have economic characteristics that are inverse to those of the Index.